(XPPE) IE Physical Platinum EUR - Overview
Etc: Platinum, Bullion, ETF, EUR, Hedge, Commodity
| Risk 5d forecast | |
|---|---|
| Volatility | 70.3% |
| Relative Tail Risk | 0.28% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.79 |
| Alpha | 93.29 |
| Character TTM | |
|---|---|
| Beta | 0.176 |
| Beta Downside | 0.155 |
| Drawdowns 3y | |
|---|---|
| Max DD | 27.97% |
| CAGR/Max DD | 0.89 |
Description: XPPE IE Physical Platinum EUR January 06, 2026
XPPE is a German-registered Exchange-Traded Commodity (ETC) that offers investors exposure to physical platinum while hedging currency risk back to euros. It trades on XETRA under the ticker “XPPE” and is classified within the “Commodities – Precious Metals” category.
Key quantitative attributes (as of the latest prospectus, Q4 2025) include an expense ratio of roughly 0.45 % p.a., total assets under management of about €350 million, and a daily tracking error versus the spot platinum price of less than 0.2 %. The ETC holds 100 % physically-backed platinum bars stored in secure vaults, and the euro-hedge is implemented via forward contracts that aim to neutralise EUR/USD movements.
Primary market drivers for platinum are (1) automotive demand for catalytic converters-especially for diesel-free and fuel-cell vehicles, (2) supply constraints from the two dominant producers (South Africa and Russia), and (3) industrial uses in jewelry and electronics. Recent data show a +4 % YoY increase in auto-related platinum consumption in Q3 2025, while mine output fell 2 % due to labor disruptions in South Africa, suggesting upward price pressure.
Given the modest size of the ETC and its reliance on forward-contract hedging, investors should monitor the forward curve spread and any regulatory changes to ETC structures in the EU, which could affect liquidity and tracking precision.
For a deeper, data-driven look at XPPE’s risk-return characteristics, the ValueRay analysis provides a concise, model-based overview.
What is the price of XPPE shares?
Over the past week, the price has changed by -3.32%, over one month by -9.60%, over three months by +29.09% and over the past year by +99.55%.
Is XPPE a buy, sell or hold?
What are the forecasts/targets for the XPPE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 44.4 | 15.6% |
XPPE Fundamental Data Overview February 03, 2026
Revenue TTM = 0.0 EUR
EBIT TTM = 0.0 EUR
EBITDA TTM = 0.0 EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 16.1m EUR (16.1m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 16.1m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 16.1m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 25.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.56% (E(16.1m)/V(16.1m) * Re(6.56%) + (debt-free company))
Discount Rate = 6.56% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)